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December 6, 2021
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The Nigerian Ports Authority (NPA) has stated that deliberate measures and investments are being undertaken to create a fully digital ecosystem in all the country’s port locations by 2025. The Acting Managing Director of NPA, Mr Mohammed Bello-Koko, disclosed this in a statement signed by Mr Ibrahim Nasiru, Assistant General Manager Corporate and Strategic Communications, Continue Reading
Business News Politics
Akinwumi Adesina, president of the African Development Bank (AfDB), says the federal government must exercise restraint in tax increment. He said that the fact that the country’s tax to gross domestic product (GDP) ratio at 6.1 percent remained relatively low was not an excuse for incessant tax increase. The AfDB boss said this on Tuesday […]Continue Reading
Business News Top Stories
The Policy document containing 17 articles was championed and launched by the Nigerian Bar Association Women Forum in support of the Nigerian Bar Association, at the recently completed 61st Nigerian Bar Association Annual General Conference, held on October 27, 2021, at Elekahia, Port-Harcourt, Rivers State. It commenced with a preamble written by the NBA President, […]Continue Reading
Business Commentary News
Equity investors recorded N641 billion gains at the end of the November trading period yesterday, as sentiment shifted to equities following low returns in the Fixed Income (FI) market segment. Analysis of trading statistics for the month shows that the market capitalisation of listed equities rose to N22.579 trillion from N21.938 trillion at the beginning of […]Continue Reading
Business Commentary News
MTN Nigeria Communications Plc is wooing retail investors with a price discount of N21.00 per share as its public offer opens today at N169.00 per share. The Company’s share at the Nigerian Exchange Limited, NGX closed on Tuesday at N190.00 per share. MTN, yesterday, announced the commencement of N97.18 billion public offer to retail investors. […]Continue Reading
Business News
The Federal Inland Revenue Service (FIRS) has explained why Nigeria did not sign the Organisation for Economic Cooperation and Development (OECD) G20 Inclusive Framework two-pillar solution to tax challenges of the digitalized economy. The OECD G20 Inclusive Framework two-pillar solution proposes a framework of rules aimed at tackling base erosion and profit shifting, and Continue Reading
Business News Politics
The Ugandan government and Chinese embassy in the country have denied viral media reports that China has taken over the Entebbe International Airport. Media reports have claimed that Uganda has “surrendered” its only international airport and other assets in the country to China over an unpaid loan deal. The Ugandan government was said to have […]Continue Reading
Business News Politics
The Special Assistant to Governor David Umahi of Ebonyi State, Mr. Francis Nwaze, weekend stated that his boss was strategically increasing the State’s revenue generation capacity through infrastructural Development in different parts of the State. Nwaze who stated this during a media chat with Newsmen in his office in Abakaliki added that Governor Umahi was […]Continue Reading